EX-12 7 c24008exv12.htm STATEMENT OF COMPUTATION OF EARNINGS TO FIXED CHARGES exv12
 

EXHIBIT 12
NEWELL RUBBERMAID INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                         
    YEAR ENDED DECEMBER 31,  
(dollars in millions)   2007     2006     2005     2004     2003  
     
EARNINGS AVAILABLE TO FIXED CHARGES:
                                       
Income from continuing operations before income taxes
  $628.9     $514.9     $463.4     $197.9     $360.3  
Adjustment - - equity in earnings of affiliates
    (0.1 )     (0.9 )     (0.9 )     (0.9 )      
Fixed charges -
                                       
Interest expense
    131.7       155.0       142.1       129.7       140.1  
Portion of rent determined to be interest (1)
    29.8       27.9       34.2       33.4       31.9  
     
 
  $790.3     $696.9     $638.8     $360.1     $532.3  
     
FIXED CHARGES:
                                       
Interest expense
  $131.7     $155.0     $142.1     $129.7     $140.1  
Portion of rent determined to be interest (1)
    29.8       27.9       34.2       33.4       31.9  
     
 
  $161.5     $182.9     $176.3     $163.1     $172.0  
     
 
                                       
RATIO OF EARNINGS TO FIXED CHARGES
    4.89       3.81       3.62       2.21       3.09  
     
 
(1)  
A standard ratio of 33% was applied to gross rent expense to approximate the interest portion of short-term and long-term leases.